WASDE Rice: Domestic Usage Unchanged, Ending Stocks Raised

The outlook for 2020/21 U.S. rice this month is for increased supplies, unchanged domestic use and exports, and higher ending stocks. Supplies are raised as NASS increased the all rice production forecast by 1.3 million cwt to 226.3 million, on higher harvested area and yields. The all rice yield is forecast at 7,567 pounds per acre, up 38 pounds from the previous forecast.